Roaring Kitty’s wealth, Modi’s victory
Traders work on the floor of the New York Stock Exchange (NYSE) in January, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC …
Economic policy
GameStop can’t stop, Dow drops
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange. Brendan McDermid | Reuters This report is from today’s CNBC Daily …
Gold eases as dollar gains, Fed rate cut bets lend support
Gold prices inched up on Thursday following a sharp rise in the last session as the dollar and bond yields weakened on the increasing likelihood of rate cuts by the …
China’s overseas students under pressure amid economic uncertainty
As a growing number of overseas Chinese students run into financial difficulties due to the declining wealth of their families, many go online to express their grief and seek advice …
Huawei’s new phone uses more China-made parts, memory chip
Huawei’s latest high-end phone features more Chinese suppliers, including a new flash memory storage chip and an improved chip processor, a teardown analysis showed, pointing to the progress China is …
Eli Lilly, 3M, PayPal, Tesla and more
Check out the companies making headlines in midday trading. Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts’ expectations …
How the U.S. government is regulating AI
The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna, …
Australia central bank to shift to ample reserve system to set rates
The Reserve Bank of Australia building in Sydney, Australia, on Monday, Sept. 6, 2021. Australia’s central bank intends to change the way it provides liquidity to the banking system, moving to …
Japan’s finance minister says ‘speculative’ moves in currency market impacting yen
The yen has been on a downtrend despite the BOJ’s decision on March 19 to end eight years of negative interest rates. Natanael Ginting | Istock | Getty Images Japanese …
China pushes banks to speed up approvals of new loans to private developers: Reuters
Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers, people with knowledge of the matter said, a bid to revive homebuyer sentiment …